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Apr
14
2022
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Posted 287 days ago ago by Administrator Account
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Daily Market Summary for April 14th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in the Texas Panhandle, Nebraska and Western Cornbelt. In Kansas and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. In the Southern Plains the last reported market was on Wednesday with live purchases at 139.00. In Nebraska the last reported dressed market was on Wednesday with purchases at 226.00. Tuesday was the last reported live purchase market with purchases from 140.00-142.00. In the Western Cornbelt the last reported market was on Wednesday with live and dressed purchases at 143.00 and at 226.00, respectively. In Colorado the last reported market was on Tuesday with live purchases from 140.00-142.00.
Negotiated Sales:
Confirmed: 3,795
Week Ago: 5,411
Year Ago: 39,187
Formula Net - Dressed Steers & Heifers:
Head count priced today: 35,700
Weighted avg. weight: 882.00
Weighted avg. net price: 224.45
Cattle Slaughter under Federal Inspection
Thursday (est) 123,000
Week ago (est) 124,000
Year ago (act) 113,000
Week to Date 498,000
Same Period Last Week 495,000
Same Period Last Year 459,000
Wednesday
Steers & Heifers: 97,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 271.86… -0.50
Select: 259.71… +0.34
Choice/Select Spread: 12.15
Total Load Count: 102
Cutter Cow Cutout:
227.49… +1.74
CME Feeder Cattle Index for April 14th:
155.95… +0.09/ +0.06%
1 Year Change: +9.59%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.67… +0.05
June: 136.42… -0.45
August: 138.32… -0.33
Feeder Cattle:
April: 158.20… -0.35
May: 161.77… -0.18
August: 174.35… -0.07
May Hogs: 112.75… +1.23
May Crude Oil: 106.95… +2.70
May Corn: 7.9025… +0.0675
May Wheat: 10.9650… -0.1700
Grain Cash Bids:
Omaha Corn: 7.89… +0.06
Kansas City Wheat: 10.92… -0.21
Financial Markets:
DJIA: 34,450.84… -114.61
S & P 500: 4,392.58… -54.22
NASDAQ: 13,350.62… -291.11
U.S. Dollar Index: 100.34… +0.46